A strong capital base, very high liquidity buffers, excellent capital market access and highly rated key shareholders support the rating. Concentration of sovereign borrower exposure and shareholder structure are challenges.

Notification on the change of solicitation status.

The period review has resulted in no rating action.

A strong capital base, very high liquidity buffers, excellent capital market access and highly rated key shareholders support the rating. High crisis-country exposure and a concentrated shareholder structure are challenges.

The periodic review has resulted in no rating action.

The periodic review has resulted in no rating action.

A strong capital base, very high liquidity buffers, excellent capital market access and high rated key shareholders support the rating. High crisis-country exposure and a concentrated shareholder structure are challenges.

Monitoring review announcement

Monitoring review announcement

Highly rated shareholders, a substantial capital endowment, very high liquidity buffers, and excellent capital market access support the rating. Risks include the high crisis-country exposure and concentrated shareholder base.